Central Bank of India Cent Skill Loan
Central Bank of India Cent Skill Loan (विशेष बैंक योजना)
Specialized financing solution by Central Bank Of India offering transparent terms and flexible repayment.
Max Loan Amount
Up to ₹1.5 Lakh (Vocational & Technical Training)
Interest Rate
8.85% – 9.95% p.a. (RBLR linked)
Moratorium Period
Course duration + 6 months
Repayment Tenure
Up to 7 years
✦ What the Loan Covers (Eligible Expenses)
Tuition / course fees, examination fees, equipment / tool kits, books, and exam certification fees.
What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Costs
Eligo disclosure: Bank loan brochures and DSA agents rarely highlight these conditions. Verify before signing your loan agreement.
Parent co-borrower mandatory; course must be aligned with National Skill Qualification Framework (NSQF); unaccredited private training institutes are ineligible.
✦ Collateral & Margin Money Terms
Collateral & Guarantee Requirement:
Nil collateral up to ₹1.5 Lakh.
Margin Money (Borrower Contribution):
Nil margin.
✦ Eligibility Requirements
Indian national who has secured admission to a course run by ITI, Polytechnic, or training partners affiliated with National Skill Development Corporation (NSDC) / Sector Skill Councils.
✦ Government Subsidies & Rate Concessions
Backed by Credit Guarantee Fund for Skill Development (CGFSD) or premier institute fast-track terms.
✦ Required Documents Checklist
Admission letter from training partner/ITI, fee receipt, 10th marksheet, Aadhaar of student and parent, bank account passbook.
✦ How to Apply Step-by-Step
1. Apply via JanSamarth portal or nearest Central Bank Of India branch.
2. Submit admission proof from NSDC/ITI institute.
3. Digital verification and direct fee remittance to training center.Official Portal
Official Portal / Lender Domain
Apply or verify directly on the official banking portal
✦ Frequently Asked Questions
What is the maximum loan under Central Bank of India Cent Skill Loan?▼
Up to ₹1.5 Lakh (Vocational & Technical Training). As per government guidelines, loans are structured to match training and equipment costs.
What is the moratorium period for skill loans?▼
For courses up to 1 year, moratorium is course duration + 6 months. For courses over 1 year, moratorium is course duration + 12 months.
Is collateral needed for skill loans?▼
No collateral or third-party guarantee is required for skill loans up to ₹1.5 Lakh as they are covered by CGFSD.